While the Diary of a Mad Hedge Fund Trader focuses on investment over a one week to six-month time frame, Mad Day Trader, provided by Jim Parker, will exploit money-making opportunities over a brief ten minute to three day window. It is ideally suited for day traders, but can also be used by long-term investors to improve market timing for entry and exit points.
The resting sell stops are @ 142.36.
Electing those stops will lead to more weakness in the Euro today.
We're still working an order to buy the cross at 141.25.
The cross could go as low as 140.40 and still hold.
For Medium Term Outlook click here.
For Glossary of terms and abbreviations click here.